Irs 2023 Contribution Limits 401K
The agency also released tax brackets for ordinary income and long. That's nearly a 10 percent increase from the 2022 401 (k) limit, and an over. Please note that these are just predictions, and the irs has not. Older savers can route even more money into those retirement savings.
Workplace retirement plan contribution limits for 2023. In tax year 2022, employees were limited to a maximum contribution of $20,500. The contribution limits for 401 (k), 403 (b), most 457 plans, and thrift savings plans (tsp) will increase in 2023 up to $22,500 per employee (an increase from up to $20,500 in. 2 minute read image credit: